Mehli Mistry steps down from RNT Associates board following trustee transition under Ratan Tata's will
By Shashwat Singh, New Delhi, July 2
Long-time associate of the late Ratan Tata and former trustee of various Tata Trusts, Mehli Mistry, has resigned as a Director of RNT Associates Private Limited, the private investment firm owned by the late industrialist that manages an investment portfolio worth over ₹1,000 crore and holds stakes in companies including Ola Electric and Urban Company.
An official privy to the development confirmed that Mistry's resignation follows his decision to step down as a trustee of the Ratan Tata Endowment Trust (RTET) and the Ratan Tata Endowment Foundation (RTEF). With the trusteeship changing hands, the directorship of RNT Associates was also transferred to the new trustees in accordance with Ratan Tata's will.
Explaining the reason for his resignation, Mistry said that he has handed over the directorship to the new trustees appointed under Ratan Tata's will.
Since he was no longer a trustee of the Ratan Tata Endowment Trust (RTET) and the Ratan Tata Endowment Foundation (RTEF), he resigned as a director to facilitate the transfer and enable the trustees to divide the assets between Ratan Tata's personal trust and foundation in accordance with the provisions of his will. In his resignation letter dated June 30, 2026, addressed to the Board of Directors of RNT Associates Pvt. Ltd.
Mistry wrote, "Owing to my preoccupation with my other commitments, I hereby submit my resignation from the position of Director of RNT Associates Private Limited, effective July 1, 2026. Kindly take necessary action to note my resignation and file the necessary notification with the Registrar of Companies as prescribed."
"I wish the Board of Directors and the Company all the best in carrying forward the objectives of the company for which the late Mr Ratan Naval Tata promoted the Company," he added.
— ANI
Reader Comments
Mehli Mistry has been a loyal associate of Ratan Tata for decades. Sad to see him step away, but it's understandable given the will's provisions. Hope the new trustees manage the portfolio well.
I hope this doesn't lead to any legal battles like the previous Tata-Mistry feud. The late Mr. Tata's will should be honored without any drama. 🙏
The letter is polite and professional, but one wonders if there's more to this. Changes in trusteeship often lead to changes in investment strategy. Let's see how Ola Electric and Urban Company are impacted.
It's commendable that the transition is happening as per the will. Ratan Tata's legacy continues to be managed with integrity. Respect to Mehli Mistry for his years of service. 👏
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